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Hi-Tech Pipes Limited HITECH NSEINFRA

Basic Materials · Steel · India
https://www.hitechpipes.in
Company Profile ↓
₹87.87
-9.43% 1Y
Mkt Cap₹1,784.71 Cr
P/E23.31
P/B1.32
Div. Yield0.03%
52W High₹122.59
52W Low₹70.93
Book Value₹65.65
EPS (TTM)₹3.77

Company Overview

Hi-Tech Pipes Limited manufactures and sells steel in India. The company provides mild steel hollow section ERW steel pipes, mild steel round pipes, GI pipes, pre-galvanized steel pipes, crash barriers, cold rolled coils and strips, and coated coils and roofing sheets. It also offers hot rolled, pickled and oiled, cold rolled close annealed, cold rolled full hard, and BP sheets coil and strip products, as well as casing pipes for borewells. In addition, the company provides HR coil pipes, metal beam crash barriers, color-coated roofing sheets, and GC roofing sheets. It also exports its products. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Hi-Tech Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 26.4% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 21.8% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 23.3, below the sector median of 27.4.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.20.

Recent Developments

  • Mar 2026 Revenue of ₹4,200.07 Cr (+36.9% YoY); net profit ₹76.16 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +36.9%, earnings +4.4%.
  • 5-Year Trend Long-term compounding — revenue CAGR 21.8%, profit CAGR 26.4%.

Growth & Price Performance

Compounded Sales Growth

5 Years:21.85%
1 Year:36.92%

Compounded Profit Growth

5 Years:26.44%
1 Year:4.40%

Stock Price Performance

1 Year:-9.43%
6 Months:+0.94%
3 Months:-0.30%
1 Month:-2.02%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 33% of range
₹70.93 ₹122.59
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)48.44 · Neutral
Price Performance
1M-2.02%
3M-0.30%
6M+0.94%
1Y-9.43%
Valuation vs Sector

P/E of 23.31 is below the sector median of 27.45 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 21.8% over 5 years.
  • Profit CAGR of 26.4% over 5 years.

CONS

  • Trading 28.3% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
23.31
Industry PE
27.45
Forward P/E
13.31
PEG Ratio
-
Book Value
₹65.65
Price to Book
1.32
P/S
0.43
EV/EBITDA
11.19
Dividend Yield
0.03%

Growth (CAGR)

Revenue 5Y
21.85%
Profit 5Y
26.44%
Revenue (YoY)
36.92%
Earnings (YoY)
4.40%

Profitability & Returns

ROCE
10.17%
ROE
5.71%
ROA
3.76%
Profit Margin
1.81%
Op Margin
3.49%
Gross Margin
7.30%
EPS (Latest Qtr)
₹0.89
EPS (TTM)
₹3.77

Balance Sheet & Liquidity

Debt/Equity
0.20
Quick Ratio
1.16
Current Ratio
2.17
Debt
₹267.51 Cr
Total Assets
₹2,023.62 Cr
Current Assets
₹1,211.26 Cr
Working Capital
₹652.48 Cr

Ownership

Promoter Holding
46.80%
Chg in Prom Hold
3.05%
FII / Inst Holding
13.67%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
₹1,784.71 Cr
Total Revenue (TTM)
₹4,200.07 Cr
EBITDA
₹176.14 Cr
Free Cash Flow
₹-148.45 Cr
Operating Cash Flow
₹3.32 Cr
Shares Outstanding
₹20.31 Cr
Gross Margin
7.30%
Payout Ratio
0.66%

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HITECH Hi-Tech Pipes Limited NSEINFRA 87.87 23.31 ₹1,784.71 Cr 0.03% 10.17% 5.71% 21.85% 26.44%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,659.00 56.84 ₹3.44 L Cr 0.66% 11.90% 10.66% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,244.70 86.92 ₹3.04 L Cr 0.57% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,675.50 59.31 ₹2.57 L Cr 1.03% 24.41% 20.24% 1.10% 1.75%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 187.67 21.70 ₹2.34 L Cr 2.09% 11.32% 10.56% -1.59% 7.21%
6 HINDZINC Hindustan Zinc Limited NSEINFRA 532.50 16.26 ₹2.25 L Cr 3.91% 61.97% 61.13% 5.61% 9.58%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 963.55 16.01 ₹2.17 L Cr 0.52% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,133.10 56.45 ₹2.13 L Cr 0.31% 4.00% 4.80% 14.63% -10.06%
9 VAML Vedanta Aluminium Metal Limited NSEINFRA 452.95 inf ₹1.77 L Cr 0.00% 41.97% 49.39% - -46.32%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 702.00 Cr642.00 Cr746.00 Cr630.00 Cr681.00 Cr867.00 Cr706.00 Cr761.00 Cr1,069.59 Cr791.36 Cr858.77 Cr1,069.59 Cr1,480.36 Cr
Cost of Revenue --------992.74 Cr718.78 Cr781.59 Cr992.74 Cr1,400.52 Cr
Gross Profit --------76.85 Cr72.58 Cr77.17 Cr76.85 Cr79.84 Cr
Operating Expenses 668.00 Cr621.00 Cr719.00 Cr599.00 Cr646.00 Cr824.00 Cr664.00 Cr721.00 Cr41.64 Cr37.72 Cr39.49 Cr41.64 Cr41.14 Cr
Operating Income 29.00 Cr18.00 Cr24.00 Cr28.00 Cr29.00 Cr38.00 Cr37.00 Cr34.00 Cr35.21 Cr34.86 Cr37.69 Cr35.21 Cr38.70 Cr
EBITDA 34.00 Cr21.00 Cr27.00 Cr32.00 Cr35.00 Cr43.00 Cr42.00 Cr40.00 Cr42.13 Cr41.96 Cr45.48 Cr42.13 Cr46.57 Cr
Interest Expense 8.00 Cr8.00 Cr10.00 Cr9.00 Cr14.00 Cr14.00 Cr14.00 Cr9.00 Cr12.25 Cr7.82 Cr11.77 Cr12.25 Cr15.73 Cr
Pretax Income 21.00 Cr11.00 Cr14.00 Cr19.00 Cr15.00 Cr24.00 Cr24.00 Cr26.00 Cr23.21 Cr27.97 Cr27.07 Cr23.21 Cr23.22 Cr
Tax Provision 4.83 Cr2.86 Cr3.50 Cr4.75 Cr3.75 Cr6.00 Cr6.24 Cr6.50 Cr5.82 Cr7.05 Cr6.81 Cr5.82 Cr5.62 Cr
Net Income 16.00 Cr8.00 Cr11.00 Cr14.00 Cr11.00 Cr18.00 Cr18.00 Cr19.00 Cr17.39 Cr20.92 Cr20.26 Cr17.39 Cr17.60 Cr
Diluted EPS 1.240.610.801.050.741.141.030.940.841.041.010.840.89

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 504.00 Cr637.00 Cr1,016.00 Cr1,360.00 Cr1,210.00 Cr1,341.00 Cr-2,321.63 Cr2,627.43 Cr3,067.64 Cr4,200.07 Cr
Cost of Revenue -------2,174.33 Cr2,462.52 Cr2,783.75 Cr3,893.63 Cr
Gross Profit -------147.30 Cr164.91 Cr283.89 Cr306.44 Cr
Operating Expenses 472.00 Cr598.00 Cr956.00 Cr1,286.00 Cr1,150.00 Cr1,270.00 Cr-59.84 Cr67.64 Cr144.78 Cr159.99 Cr
Operating Income 26.00 Cr33.00 Cr56.00 Cr70.00 Cr52.00 Cr63.00 Cr-87.46 Cr97.27 Cr139.11 Cr146.45 Cr
EBITDA 32.00 Cr40.00 Cr60.00 Cr75.00 Cr59.00 Cr71.00 Cr-95.00 Cr112.57 Cr161.92 Cr176.14 Cr
Interest Expense 17.00 Cr20.00 Cr27.00 Cr30.00 Cr30.00 Cr32.00 Cr-31.35 Cr38.40 Cr43.01 Cr47.57 Cr
Pretax Income 10.00 Cr15.00 Cr30.00 Cr41.00 Cr24.00 Cr31.00 Cr-49.88 Cr58.69 Cr97.99 Cr101.47 Cr
Tax Provision 3.50 Cr4.50 Cr9.00 Cr13.53 Cr3.60 Cr8.06 Cr-12.20 Cr14.76 Cr25.04 Cr25.31 Cr
Net Income 6.00 Cr10.00 Cr21.00 Cr27.00 Cr20.00 Cr23.00 Cr-37.68 Cr43.93 Cr72.95 Cr76.16 Cr
Diluted EPS 0.631.012.042.561.872.03-2.182.693.983.77

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 279.00 Cr360.00 Cr449.00 Cr505.00 Cr568.00 Cr599.00 Cr-915.52 Cr1,178.70 Cr1,755.66 Cr2,023.62 Cr
Current Assets -------551.34 Cr715.56 Cr1,043.86 Cr1,211.26 Cr
Cash & Equivalents -------1.89 Cr2.33 Cr35.82 Cr21.66 Cr
Inventory -------306.76 Cr346.66 Cr384.26 Cr565.58 Cr
Receivables -------185.52 Cr280.18 Cr302.69 Cr448.96 Cr
Total Liabilities -------497.42 Cr602.33 Cr498.31 Cr690.13 Cr
Current Liabilities -------377.90 Cr465.82 Cr437.84 Cr558.78 Cr
Long Term Debt -------94.03 Cr106.45 Cr25.47 Cr66.14 Cr
Total Debt 142.00 Cr180.00 Cr255.00 Cr272.00 Cr312.00 Cr317.00 Cr-273.46 Cr402.29 Cr191.52 Cr267.51 Cr
Total Equity 66.00 Cr77.00 Cr113.00 Cr147.00 Cr174.00 Cr205.00 Cr-418.11 Cr576.37 Cr1,257.35 Cr1,333.48 Cr
Shares Outstanding -------12.78 Cr14.99 Cr20.31 Cr20.31 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 1.00 Cr24.00 Cr-6.00 Cr49.00 Cr25.00 Cr64.00 Cr-133.74 Cr-95.19 Cr69.83 Cr3.32 Cr
Investing Cash Flow -19.00 Cr-39.00 Cr-53.00 Cr-40.00 Cr-39.00 Cr-40.00 Cr--98.18 Cr-153.38 Cr-390.07 Cr-40.61 Cr
Financing Cash Flow 23.00 Cr14.00 Cr59.00 Cr-9.00 Cr14.00 Cr-25.00 Cr--34.58 Cr249.02 Cr353.73 Cr23.13 Cr
Capital Expenditure -19.00 Cr-34.00 Cr-56.00 Cr-33.00 Cr-36.00 Cr-41.00 Cr--69.34 Cr-109.18 Cr-189.91 Cr-151.78 Cr
Free Cash Flow -18.00 Cr-10.00 Cr-62.00 Cr16.00 Cr-11.00 Cr23.00 Cr-64.40 Cr-204.36 Cr-120.08 Cr-148.45 Cr
Net Change in Cash 5.00 Cr-1.00 Cr-0-0-0-0-98.56 L44.45 L33.48 Cr-14.16 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -------6.3%6.3%9.3%7.3%
Operating Margin % 5.2%5.2%5.5%5.1%4.3%4.7%-3.8%3.7%4.5%3.5%
Net Margin % 1.2%1.6%2.1%2.0%1.7%1.7%-1.6%1.7%2.4%1.8%
ROE % 9.1%13.0%18.6%18.4%11.5%11.2%-9.0%7.6%5.8%5.7%
ROCE % -------16.3%13.6%10.6%10.0%

Shareholding Pattern

Insiders
46.80%
Institutions
13.67%
Public Float
25.70%

Analyst View

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Latest News

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HITECH — Frequently Asked Questions

What is the current share price of Hi-Tech Pipes Limited (HITECH)?

As of 2026-07-15 09:52 IST, Hi-Tech Pipes Limited (HITECH) trades at ₹87.87 on NSE. Its 52-week range is ₹70.93 to ₹122.59.

What is the market capitalisation of HITECH?

Hi-Tech Pipes Limited (HITECH) has a market capitalisation of ₹1,784.71 Cr on NSE.

What is the P/E ratio of HITECH?

HITECH trades at a trailing price-to-earnings (P/E) ratio of 23.31. The industry average P/E is 27.45. Its price-to-book (P/B) ratio is 1.32.

Does HITECH pay a dividend?

Hi-Tech Pipes Limited (HITECH) currently offers a dividend yield of 0.03%.

What is the return on equity (ROE) of HITECH?

HITECH has a return on equity (ROE) of 5.71%. Its return on capital employed (ROCE) is 10.17%.

Is HITECH a good stock to buy?

This page provides a data-driven analysis of Hi-Tech Pipes Limited (HITECH), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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